Stream Oil & Gas Ltd SOGAF

Bankers-Brent

[mtsuit]

Bankers now getting 81% of Brent for Albanian heavy.

 

"2013 crude oil sales agreements

The company is also pleased to report several Patos-Marinza crude oil sales agreements, representing the majority of the export volumes for next year, have been agreed for 2013. These contracts are priced at an average of 81 per cent of the Brent oil benchmark. One contract remains to be priced."

 

Haywood secs says this is about equivalent to the current price for Edmonton Light.

[Darcyslaw]

Yes, saw that, good read through for SKO. As production continues to increase we will be able to market larger cargoes more frequently and should see our discount decrease as well. In addition, we have lighter oil from Cakran and then there's the condensate from Delvina, but I'm not sure if they sell that separately or blend it into the heavy crude, guess it depends on the volumes coming